Friday, November 18, 2022

The FTX scandal gets worse and worse, if possible

The FTX scandal gets worse and worse, if possible

"I ran across a couple of fascinating stories about the FTX cryptocurrency scandal.
  • As you probably recall, with the collapse of FTX the second largest donor to the Democrat Party after George Soros was revealed to be a complete fraud, having stolen vast sums of money from both his investors and his clients. He poured $40 million into the Democrats’ campaigns, and promised a billion more in 2024.
  • Two rather interesting wrinkles to the story came up–the first about how Sam Bankman-Fried (SBF), the mastermind behind the fraud, became so rich and powerful so quickly (he went from a nobody to a billionaire power broker in basically 3 years)–and 
  • the second one about how he really saw his rise to power and how he scammed the Elite™ into buying his crap...

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